EuroCCP, the pan-European cash equities clearing house, today announces that Jefferies International Limited, the UK subsidiary of Jefferies Group, Inc., has become an individual clearing participant (ICP) of EuroCCP.
An individual clearing participant is a firm which clears its own trades but not those of others. Jefferies went live as an ICP on 13 June 2012.
The latest addition will bring the number of approved clearing participants to 27. Fourteen participants of EuroCCP are general clearing participants (GCP) who clear for themselves and other trading firms which are not EuroCCP participants. The remaining firms are individual participants.
Commenting on the addition of Jefferies as an ICP, Diana Chan, CEO, EuroCCP said: "We are proud that Jefferies has opted to become a clearing participant of EuroCCP. We believe it is testament to our proven pan-European capabilities and user-governed status."